The NNPC Limited and Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has announced a near-field oil discovery in western Niger Delta ...

An oil terminal Iran built to bypass the vital strait of Hormuz appears to have partially filled with crude — offering Tehran ...

Global oil markets remain "adequately" supplied despite escalating tensions in the Middle East, the International Energy Agency said Tuesday, signalling that its member nations could act quickly to ...

South Korea's state-run oil developer said Tuesday it has picked an adviser for the exploration of potential oil and gas ...

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1).

The price of oil has hit a six-week high amid fears over the escalating conflict in the Middle East. The market value of the benchmark Brent crude increased to almost $80 (£61) a barrel on Monday ...

Brazil’s Petrobras has made two natural gas discoveries offshore Colombia, which executives at the Brazilian state oil and gas firm said could double Colombia’s gas reserves. Petrobras on ...

China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted. By Keith Bradsher Reporting from Beijing Iran’s oil infrastructure has been pushed to ...

US oil spiked 5.5% to $73.98 a barrel and Brent ... The data will be a key indicator on the health of the labor market as the Federal Reserve makes its next rate-cut decision after its jumbo ...

It was not until Thursday, when President Joe Biden left open the door to Israel striking Iran’s oil reserves that markets reacted more strongly. Crude climbed nearly 5% to $73.50 a barrel ...

Israel’s vow to retaliate against Iran for a massive missile attack on the country is bringing a focus on oil supplies from the Persian Gulf, and keeping markets on edge. Crude prices in London ...

(Bloomberg) -- Israel’s vow to retaliate against Iran for a massive missile attack on the country is bringing a focus on oil supplies from the Persian Gulf, and keeping markets on edge.